Tunis Firm Helps Businesses Significantly Reduce their Energy Bill but Also their Impact on the Environment
Tunisian startup Wattnow, an IoT smart energy management solution, has raised a US$1.3 million pre-Series A funding round to help it expand across Africa and the Middle East. Founded in 2018 by Issam Smaali, Wattnow helps companies take control of their energy usage through the combination of its plug-and-play hardware and software solutions. The startup’s […]
Africans are Feeling the Pinch Caused by Soaring Global Energy Prices
Even in countries like Nigeria and Angola that are major exporters of crude oil. While that handful of oil producers is seeing an increase in revenue – especially since the Russian invasion of Ukraine on February 24 – much of the continent lacks refining capability, forcing countries to pay high prices to import gasoline and […]
The Possibilities of Fully Deploying Tech in Nigeria’s Real Estate Sector
Global adoption of blockchain technology has already transformed many industries and demonstrated that the rolling tech revolution is irreversible. Yet, despite Nigeria having the highest rate of cryptocurrency ownership globally at 24.2%, most real estate developers and their clients in Nigeria still have a vague understanding of cost-effective and insecurity-proof solutions that blockchain adoption in […]
A Debt-as-a-service Model to Provide Empowerment-focused Products for Banking Agents in Africa
Akin Jones and Wale Akanbi, lead a team of innovators at Aella, building a diversified credit payments platform with over 2 million users, offering a raft of financial services to underbanked users across Africa with a focus on lending. This strong team of innovators have one big goal, to build products that help foster financial […]
South African Firm is Betting on High-speed Telecom Services
African Rainbow Capital (ARC), founded by South African billionaire Patrice Motsepe, is switching to investing in digital banks and financial startups, while shunning mining stocks, saying the boom in commodity prices may be overdone. The firm, which manages assets valued at $935 million, sold its stake in Afrimat Ltd., a supplier of construction materials, industrial minerals and […]
Rwanda is Planning to Reform an Agricultural Market which has Long Been Based on Smallholders
Agriculture has long served as the backbone of the Rwandan economy and today employs 70% of Rwandans and accounts for 31% of GDP and 90% of domestic consumption. With regional food insecurity mounting and the African Continental Free Trade Area (AfCFTA) promising to greatly increase intra-African trade, Rwanda is targeting a role as a food […]
One of Africa’s Biggest Gold Refiners Sanctioned
The US Treasury Department has sanctioned African Gold Refinery (AGR) along with Belgian gold businessman Alain Goetz–the company proprietor who claims to have sold it – and several other companies linked to him for involvement in illicit gold trade. Goetz and his network of companies, the US treasury department said, were involved in movement of […]
Book Launch: Akpokuedike – Duty Call in Anambra
The Group Managing Director of Afrinvest, Mr Ike Chioke, has said that creation of appropriate institutions is required to run successful governments. Chioke said this at the launch of his new book, Akpokuedike – Duty Call in Anambra, where he chronicles the achievements of Governor Willie Obiano of Anambra State. The launch, which was held […]
Education Cannot Wait, Secure Future Of Children In CAR Conflict Zones
By Jamila Akweley Okertchiri Nine-year-old Marguerite Doumkel sits among other children in a classroom in Paoua, a sub-prefecture of Ouham Pende, in the Central African Republic (CAR). With a smile on her face, she writes down the lesson for the day in her book. “I like to study history and French,” says Marguerite. Education for children […]
Future Looks Bright For Tech In Africa
By Angel Jones – CEO, Homecoming Revolution Group The recently concluded fourth edition of Africa Tech Summit held in Nairobi was a major eye-opener, given the rich menu of presentations and networking opportunities it offered. The summit, held under three tracks—the Africa Money and Decentralised Finance (DeFi) Summit, Africa Startup Summit and Africa Mobile Summit—brought […]
